Answer:
the answer is undefined because there is no given month but given the information.. the insurance company would have to pay 800$ to replace the TV set.
The insurance company pays zero amount.
A renters insurance policy is a collection of coverages meant to protect tenants who live in a house or flat. After a covered loss, a typical renters insurance policy offers three categories of coverage to help protect you, your property, and your living arrangements.
Given:
Insurance policy costs $20/month
Deductible amount=$1,000
Theft= $800
As the deductible amount is $1000 and the theft amount is $800 which is less than the deductible amount so the insurance company will not pay any amount i.e Zero.
Therefore, the above explanation describes the renter's insurance policy.
Learn more about the renter's insurance policy here:
https://brainly.com/question/13024449
